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Nonprofit · EIN 85-1612680

DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION

Tax-exempt (reinstated) · ITHACA, NY 14850

Financials

$1.5M$451K2023$3.4M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,437,258$1,412,511$2,024,747$25,845,417$20,129,925$5,715,492
December 31, 2023990$1,525,291$451,256$1,074,035$3,822,316$131,571$3,690,745
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,370,676
of which government grants
$1,370,676
Program service revenue
$0
Investment income
$66,582
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$111,803
Salaries, compensation and benefits (total)
$112,212
Professional fundraising fees
$0
Accounting fees
$56,210
Occupancy
$12,663
Travel
$556
Depreciation
$66,756
Program services (functional)
$919,664
Management and general (functional)
$492,847

Balance sheet and other

Total assets, start of year
$3,822,316
Total assets, end of year
$25,845,417
Total liabilities, end of year
$20,129,925
Net assets, end of year
$5,715,492
Land, buildings and equipment
$1,929,947
Net assets without donor restrictions
$4,715,492
Net assets with donor restrictions
$1,000,000
Gross receipts
$3,437,258
Employees
0
Year formed
2003
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Suzanne Smith-JablonskiExecutive Director
Highest-paid employee
40$101,769
Peggy ColemanBoard member
Trustee or director
1$0
Nick HelmholdtBoard member
Trustee or director
1$0
Greg ConardBoard member
Trustee or director
1$0
Zachary JonesBoard member
Trustee or director
1$0
Carolyn LeeBoard member
Trustee or director
1$0
Ron PooleBoard member
Trustee or director
1$0
Amy ChanthanakBoard member
Trustee or director
1$0
Teri TarshusBoard member
Trustee or director
1$0
Cathy HartBoard member
Trustee or director
1$0
Nan RohrerSecretary
Trustee or director, Officer
1$0
Tom KnipeTreasurer
Trustee or director, Officer
1$0
Kelli CartmillPresident
Trustee or director, Officer
1$0
Jennifer TavaresFormer President
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Suzanne Smith-JablonskiExecutive Director
Highest-paid employee
40$75,739
Greg ConardBoard member
Trustee or director
1$0
Nick HelmholdtBoard member
Trustee or director
1$0
Peggy ColemanBoard member
Trustee or director
1$0
Nan RohrerBoard member
Trustee or director
1$0
Zachary JonesBoard member
Trustee or director
1$0
Jennifer TavaresPresident
Trustee or director, Officer
1$0
Tom KnipeTreasurer
Trustee or director, Officer
1$0
Teri TarshusVice President
Trustee or director, Officer
1$0
Cathy HartSecretary
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
171 E STATE STREET THE COMMONS STE, ITHACA, NY 14850-0000
In care of
% SUZANNE SMITH-JABLONSKI
Mailing address (990-N for 2020)
171 East State St, Ithaca NY 14850
Principal officer (990-N for 2020)
Jennifer Tavares, 171 East State St, Ithaca NY 14850
Signed the 990
SUZANNE SMITH-JABLONSKI, Executive Director
Phone
(607) 339-1971
Return prepared by
Kurt Behrenfeld CPA PLLC

Mission

The Organization has as its single purpose to operate the Ithaca Downtown Conference Center.

990 for the year ended December 31, 2024

Program accomplishments

  • Development of the Ithaca Downtown Conference Center.
    Expenses $919,664

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1612680
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$25,845,417
Income (IRS master file)
$3,437,258

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
March 20, 2021
Reinstated
Effective May 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,437,258$1,412,511$25,845,417IRS
990December 2023$1,525,291$451,256$3,822,316XML
990December 2022$2,520,538$150,145$2,645,002IRS
990December 2021–––IRS
990-N for 2020
Officer: Jennifer Tavares
December 31, 2020≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1612680).

Questions about DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION

What is the EIN of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION?
The employer identification number (EIN) of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION is 85-1612680.
Is DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
Are donations to DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION?
The 990-N for 2020 names Jennifer Tavares.
Who are the officers and directors of DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $101,769 (Suzanne Smith-Jablonski, Executive Director).
How much revenue does DOWNTOWN ITHACA LOCAL DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,437,258, expenses of $1,412,511 and total assets of $25,845,417 at year end.

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